Category: Legal Updates
Qatar Data Privacy – Between Recurrent Change
The state of Qatar did abide by the saying “do not go where the path may lead. Go instead where there is no path and leave a trail”. During 2018, the state of Qatar went...
Read More
The New Amendments to the Saudi Rules on The Offer Of Securities
This article provides the reader with an overview of the latest amendments of the Rules on The Offer of Securities and Continuing Obligations (ROSCOs) (i.e the new provisions pertaining to securities crowdfunding platform and introduction...
Read More
Series #2 – Key Changes of the New Saudi Companies Law
Article two: Non-compulsory Provisions Introduction This article is part of a series regarding the New Companies Law (“NCL”) which was enacted by Royal Decree No (M/132) dated 01/12/1443H (corresponding to 30/06/2022G), and published in Umm...
Read More
Data Protection in Kuwait governed by a dedicated set of regulations issued by CITRA
To date, Kuwait does not have a specific personal data protection law. Previously, legislation such as that of Law No. 20 of 2014 (the “E-Commerce Law”) regulated privacy and data protection of private and public...
Read More
Saudi Arabia – Key Changes of the New Saudi Companies Law
Over the last few weeks we have seen an increase of instructions from existing and new clients requesting legal support and advice in relation to the required changes in their constituent documents (bylaws and the...
Read More
Boursa Kuwait (Kuwait Stock Exchange): New Chapter on the Mandatory Execution on Securities
Boursa Securities Company (the “Exchange”), established in 2014, operates the Kuwait Stock Exchange, the national stock market of Kuwait. The Exchange is regulated by the Kuwait Capital Markets Authority (“CMA”), an independent regulatory body established...
Read More
Merger Control in Egypt
Legislation and Enforcing Authorities Merger Control Legislation The Arab Republic of Egypt aims to guarantee a good economic environment that does not restrict, prevent or damage the freedom of competition and therefore issued Law No....
Read More
An Insight into the Newly Issued Unemployment Insurance Scheme in the United Arab Emirates
Introduction In efforts to secure the availability of income, earlier of September last year the United Arab Emirates (“UAE”) issued the Unemployment Insurance Scheme pursuant to the Federal Decree Law No. 13 of 2022 (“Unemployment...
Read More
The Kuwait Competition Protection Agency (CPA) Fines Steel Distribution Company 250,000 Kuwaiti Dinars
The Kuwait Competition Protection Agency (“CPA”) officially handed down its first sanction since being granted substantially sharper teeth under the new competition law no. 72 of 2020 (“CPA Law”). On 7 November 2022, the CPA...
Read More